“Environmental Protection” is the new catch-all phrase that appears to enable the executive branches of various levels of government in the western world to do anything they ever dreamed of
Doubling Down on Carbon or Invest in Mouse Traps Now
One of the latest Executive Orders (EOs) by President Obama (Preparing the United States for the Impacts of Climate Change) is a great example of the philosophy of “there is no way back.” In financial terminology the practice is called “doubling down.” Barring some rare occasion, it nearly always leads to total financial ruin. Many investors have learned that lesson the hard way. Don’t expect a different outcome in this case.
